8,285 Bitcoin, 29 Satellites, One Massive IPO: SpaceX’s Big Week
At its peak, SpaceX sat on roughly 28,000 Bitcoin — a position then valued at around $1.8 billion. Today, that number stands at 8,285 BTC, worth approximately $574 million. The company shed nearly 70% of its original holdings over a two-year stretch that coincided with one of crypto’s worst downturns. Related Reading: UK Moves To […]
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One of the hurdles plaguing Bitcoin adoption in emerging countries is the fact you need an active internet connection to send and receive digital currency. Certain countries offer some form of Internet connectivity to locals at high prices, making it less appealing to use Bitcoin. But if SpaceX has a say in the matter, their satellites will be providing internet access all over the world. SpaceX has quietly opened new offices in the Seattle area, and those offices will be focusing on Elon Musk’s new project. According to the information we have received, the Seattle SpaceX offices are....
One ship paid $2 million just to pass through the Strait of Hormuz. That single data point tells you everything about the state of the world’s most critical oil corridor right now. Related Reading: 8,285 Bitcoin, 29 Satellites, One Massive IPO: SpaceX’s Big Week Ships Sit Idle As Clock Runs Out US President Donald Trump […]
The supersonic price rally in the StarLink crypto market appeared as SpaceX launched 53 Starlink orbit satellites into space on Saturday. In a bizarre event, a cryptocurrency with the same name as SpaceX’s satellite range Starlink jumped over 140% as Elon Musk’s space technology company launched 53 of them into the Earth’s lower orbit.Watch Falcon 9 launch 53 Starlink satellites to orbit → https://t.co/bJFjLCzWdK https://t.co/dgHuF6SIZ4— SpaceX (@SpaceX) November 13, 2021 Written as StarLink (STARL), the little-known crypto rallied 13.70% on Nov. 13 — the day of the satellite launch,....
The small satellite no bigger than a coffee mug is made from off-the-shelf parts and can be a tamperproof platform to secure blockchains and other Web3 protocols. If all goes to plan Wednesday’s SpaceX rocket launch in Florida will blast a “crypto-satellite” into low Earth orbit, paving the way for secure blockchain-related cryptography in spaceCryptosat, as the name hints, is the company which created “Crypto1”, a crypto-satellite module hitching a ride aboard a Falcon 9 rocket for SpaceX’s Transporter 5 mission. The blockchain satellite technology has already been trialled on the....
Bitcoin has already spread rapidly across the globe, but now one of the currency's core developers wants to take it where no virtual currency has gone before - space. Developer Jeff Garzik plans to launch several tiny satellites into space which will serve as a node on the bitcoin network. Historically, it has cost tens or hundreds of millions to launch satellites into space, but a new generation of privately-funded, bootstrapped satellite services has changed all that. Cubesats. Garzik's project involves building 'cubesats', which are standard, small-sized satellites, typically measuring....